Weekly jobless claims drop to lowest level in 2 years

By Associated Press
Posted Nov. 24, 2010 at 8:17 a.m.

The number of people applying for unemployment benefits fell sharply last week to the lowest level since July 2008, a hopeful sign that improvement in the job market is accelerating.

The Labor Department said Wednesday that weekly unemployment claims dropped by 34,000 to a seasonally adjusted 407,000 in the week ending Nov. 20. Wall Street analysts expected a much smaller drop. Get the full story>>

Read more about the topics in this post:

Comments are closed.